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[sharechat] whs and tech analysis

From:	"pedro.nz" <pedro.nz@clear.net.nz>
Date:	Sun, 19 Aug 2001 16:09:51 +1200

I have been reading John Murphy's book on Tech Analysis and decided to try out the TA graphs available from Yahoo and MetaStock websites.

I am looking at the Warehouse as an example and I have reached the conclusion (no experience mind you) that the Warehouse is currently showing a "Descending Triangle as a Top" pattern. This started in November last year and looks to be close to a breakout to the downside IMHO :-(

Monthly chart shows uptrend broken in June - Peak reached in Nov last year.

Weekly chart shows resistance at approximately $5.30

Decreasing volume at this stage.

How do other TA's read this stock

Pedro

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